NXT vs. DE
NXT (Nextracker Inc) and DE (Deere & Company) are both stocks. NXT operates in Solar (Technology), while DE operates in Farm & Heavy Construction Machinery (Industrials). Over the past 3 years, NXT returned 46.10%/yr vs 16.44%/yr for DE. At a 0.27 correlation, their price movements are largely independent.
Performance
NXT vs. DE - Performance Comparison
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Returns By Period
In the year-to-date period, NXT achieves a 44.24% return, which is significantly higher than DE's 23.58% return.
NXT
- 1D
- -4.50%
- 1M
- -0.21%
- YTD
- 44.24%
- 6M
- 40.08%
- 1Y
- 113.26%
- 3Y*
- 46.10%
- 5Y*
- —
- 10Y*
- —
DE
- 1D
- -1.68%
- 1M
- -0.21%
- YTD
- 23.58%
- 6M
- 23.80%
- 1Y
- 11.77%
- 3Y*
- 16.44%
- 5Y*
- 11.88%
- 10Y*
- 22.92%
NXT vs. DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 44.24% | 138.46% | -22.03% | 53.81% |
DE Deere & Company | 23.58% | 11.39% | 7.56% | -0.67% |
Correlation
The correlation between NXT and DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.27 |
Fundamentals
NXT:
$3.83
DE:
$17.76
NXT:
32.79
DE:
32.31
NXT:
0.01
DE:
7.59
NXT:
5.40
DE:
3.38
NXT:
$3.56B
DE:
$46.01B
NXT:
$1.16B
DE:
$16.40B
NXT:
$731.65M
DE:
$11.54B
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Return for Risk
NXT vs. DE — Risk / Return Rank
NXT
DE
NXT vs. DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Deere & Company (DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NXT | DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.10 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 0.59 | +4.30 |
| Martin ratioReturn relative to average drawdown | 10.31 | 1.25 | +9.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NXT | DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.40 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.39 | +0.50 |
Drawdowns
NXT vs. DE - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum DE drawdown of -73.27%. Use the drawdown chart below to compare losses from any high point for NXT and DE.
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Drawdown Indicators
| NXT | DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -73.27% | +24.66% |
Max Drawdown (1Y)Largest decline over 1 year | -23.27% | -19.90% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -21.59% | -27.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.91% | — |
Current DrawdownCurrent decline from peak | -19.66% | -13.16% | -6.50% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -18.62% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.03% | 9.43% | +1.60% |
Volatility
NXT vs. DE - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 28.03% compared to Deere & Company (DE) at 10.22%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXT | DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.03% | 10.22% | +17.81% |
Volatility (6M)Calculated over the trailing 6-month period | 49.14% | 24.32% | +24.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.09% | 29.89% | +35.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.66% | 29.38% | +31.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.66% | 30.39% | +30.27% |
Dividends
NXT vs. DE - Dividend Comparison
NXT has not paid dividends to shareholders, while DE's dividend yield for the trailing twelve months is around 1.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE Deere & Company | 1.13% | 1.39% | 1.42% | 1.33% | 1.05% | 1.14% | 1.13% | 1.75% | 1.84% | 1.53% | 2.33% | 3.15% |
NXT Nextracker Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NXT vs. DE - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and Deere & Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NXT vs. DE - Profitability Comparison
NXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported a gross profit of 297.38M and revenue of 880.52M. Therefore, the gross margin over that period was 33.8%.
DE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Deere & Company reported a gross profit of 3.33B and revenue of 9.61B. Therefore, the gross margin over that period was 34.7%.
NXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported an operating income of 153.59M and revenue of 880.52M, resulting in an operating margin of 17.4%.
DE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Deere & Company reported an operating income of 1.56B and revenue of 9.61B, resulting in an operating margin of 16.2%.
NXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported a net income of 150.60M and revenue of 880.52M, resulting in a net margin of 17.1%.
DE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Deere & Company reported a net income of 656.00M and revenue of 9.61B, resulting in a net margin of 6.8%.
Frequently Asked Questions
NXT and DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (28.03%) compared to DE (10.22%). In terms of maximum drawdown, NXT dropped -48.61% vs DE's -73.27%.
NXT currently has the higher Sharpe Ratio (1.75 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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